ADM to Acquire British Grain Trader Gleadell Agriculture
Archer Daniels Midland (ADM) announced it has agreed to acquire the remaining 50 percent it does not already own of British grain trader Gleadell Agriculture Inc. Currently Gleadell is owned 50:50 between ADM and French co-operative InVivo.
Gleadell is a top supplier of combinable crops to UK millers, feed compounders, and others. It is a major exporter of grains, oilseeds, and pulses to both EU and overseas markets, and is a certified supplier of seeds and fertilizers to UK farmers. The company also has port storage, pulse and seed processing and storage facilities, and ship loading operations. Once the deal is complete, ADM plans to merge Gleadell and its wholly owned subsidiary Dunns with ADM Arkady, its UK destination marketing business, and ADM Direct UK, its specialist crop origination business to create the new entity - ADM Agriculture Ltd.
By doing this, ADM aims to strengthen its position across the UK market through increasing its origination, storage, and marketing capabilities, and by allowing the company greater ability to serve as a trading partner for more farmers and customers.